In a report released today, Adam Josephson from KeyBanc maintained a Hold rating on Domtar Corp (UFS). The company’s shares closed last Monday at $38.12.
According to TipRanks.com, Josephson is a 4-star analyst with an average return of 8.9% and a 65.1% success rate. Josephson covers the Consumer Goods sector, focusing on stocks such as Avery Dennison Corp, Graphic Packaging, and Clearwater Paper.
The word on The Street in general, suggests a Hold analyst consensus rating for Domtar Corp with a $37.71 average price target, a 0.1% upside from current levels. In a report issued on October 11, CIBC also maintained a Hold rating on the stock with a C$35.00 price target.
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Based on Domtar Corp’s latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of $1.32 billion and net profit of $18 million. In comparison, last year the company earned revenue of $1.37 billion and had a net profit of $99 million.
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Domtar Corp. engages in the design, manufacturing, marketing, and distribution of fiber-based products, which includes communication papers, specialty and packaging papers and absorbent hygiene products. It operates through the following segments: Pulp and Paper, and Personal Care.
